Lookonchain: Strategy-Linked Wallet Moves 1,030 BTC as Fourth Sale Looms

A wallet tied to Michael Saylor’s Strategy moved 1,030 BTC worth $66.14 million recently, just days after the company confirmed its third bitcoin sale of the year.

That disclosure left Strategy holding 842,138 BTC, worth about $52.6 billion with bitcoin trading near $64,000. The stack still represents roughly 4% of the 21 million coins that will ever exist, and remains by far the largest corporate bitcoin treasury in the world.

According to the company, proceeds from the recent sales were used “to fund payment of distributions on preferred stock and to fund repurchases of STRC,” Strategy’s preferred shares. The disposals fall under the firm’s expanded bitcoin monetization program, part of its Digital Credit Capital Framework, which authorizes up to $5 billion in bitcoin sales.

The shift marks a sharp reversal for a company that spent more than five years as bitcoin’s most aggressive corporate accumulator, and whose executive chairman repeatedly vowed the firm would never sell. Strategy acquired its coins at an average price of $75,419 (a total cost of roughly $63.5 billion), leaving the position sitting on paper losses of nearly $10.9 billion at current prices.

Wednesday’s 1,030 BTC movement has not been confirmed as a sale. Still, the last two rounds of wallet activity were followed by confirmed disposals within days, and traders will be closely watching this move as well.

The bigger question is how far the selling goes. With $5 billion authorized under the monetization framework and only about $105 million sold in the latest round, Strategy has plenty of room left. For a market that spent years treating the company’s relentless buying as a structural bid, each new wallet alert is a reminder that the flow now runs in both directions.